The North-West Regional Center of JSC VTB Bank has entered into a Credit Facilities Agreement with LLC Kalinigradsky Delikates for the amount equivalent of EUR 7.8 mln to mature in 7 years.
The funds raised will be used to finance the enhancement project of the existing meat and sausage production capacities in Kaliningrad from 600 to 1,600 tons a month. The enhancement was driven by the growing market demand for the products and sales geography expansion.
Meat and sausage producing plant “Kalinigradsky Delikates” was established in 1999 and is one of the leading meat processing companies of the region. The plant meets the highest European standards and is equipped by the leading producers of meat processing machinery. The plant produces more than 150 names of meat and sausage products. To deliver products to domestic users, a country-wide infrastructure was built to reach food stores and distribution networks in various regions of Russia.